Hold on to your sweatbands: "Fame" is gonna live forever — or at least a little longer — thanks to a Nigel Lythgoe re-imagining of the 1980s film and series about kids striving to succeed in the brutal world of song and dance.

MGM Television announced Tuesday that the executive producer of "American Idol" and "So You Think You Can Dance" will re-imagine "Fame" as a new, scripted series. He will executive produce with Kary McHoul, president of Nigel Lythgoe Productions, Charles Segars ("National Treasure") and Chad Gutstein.

The new "Fame," like the old "Fame," will "expose the gritty struggle, heartache and pain endured in the search for stardom and the often lofty price paid for success," according to MGM and Lythgoe.

“In my lifetime, I’ve discovered a great many incredibly talented individuals," Lythgoe said. “Some have achieved stardom. Simultaneously, I’ve seen many dreams shattered, egos destroyed and lives changed forever. The end destination may well be fame and fortune, but the road to stardom is littered with broken hearts. I look forward to stripping away the glitter and glamour and revealing the true mixture of passion, humanity, exhaustion and sacrifice that these richly talented individuals endure on their road to 'Fame.'”

Who knows? Maybe they'll sing this little ditty:

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